Citigroup Issues Pessimistic Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price objective cut by equities research analysts at Citigroup from $435.00 to $400.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 54.07% from the stock’s current price.

Several other brokerages also recently weighed in on MDB. Scotiabank dropped their target price on MongoDB from $415.00 to $275.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of MongoDB in a report on Monday, December 29th. Oppenheimer cut their price objective on shares of MongoDB from $425.00 to $375.00 and set an “outperform” rating on the stock in a report on Tuesday. Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Finally, Needham & Company LLC dropped their target price on shares of MongoDB from $500.00 to $300.00 and set a “buy” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $365.24.

MongoDB Trading Down 20.1%

Shares of NASDAQ:MDB traded down $65.39 during trading on Tuesday, reaching $259.62. The stock had a trading volume of 8,732,862 shares, compared to its average volume of 1,890,417. The firm’s 50-day simple moving average is $383.23 and its 200 day simple moving average is $351.77. MongoDB has a one year low of $140.78 and a one year high of $444.72. The company has a market capitalization of $21.13 billion, a P/E ratio of -298.41 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The company had revenue of $695.07 million during the quarter, compared to analysts’ expectations of $669.40 million. During the same quarter in the prior year, the company posted $1.28 earnings per share. MongoDB’s revenue for the quarter was up 26.8% compared to the same quarter last year. Equities research analysts forecast that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Activity

In other MongoDB news, Director Roelof Botha sold 24,850 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the transaction, the director owned 194,600 shares in the company, valued at approximately $78,978,410. This represents a 11.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Thomas Bull sold 555 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $413.86, for a total value of $229,692.30. Following the completion of the sale, the chief accounting officer owned 10,784 shares of the company’s stock, valued at $4,463,066.24. This trade represents a 4.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 57,354 shares of company stock valued at $23,474,994. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC lifted its holdings in MongoDB by 31.6% during the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after purchasing an additional 327 shares in the last quarter. NewEdge Advisors LLC lifted its stake in MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after buying an additional 1,504 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in MongoDB in the 2nd quarter worth about $329,000. AlphaQuest LLC boosted its holdings in MongoDB by 257.1% in the 2nd quarter. AlphaQuest LLC now owns 650 shares of the company’s stock worth $136,000 after buying an additional 468 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in shares of MongoDB during the second quarter valued at approximately $499,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Q4 beat and strong growth: MongoDB reported FQ4 revenue of $695.1M (up ~27% YoY) and EPS of $1.65, above expectations; Atlas growth and customer adds remain robust, supporting the multi‑year growth story. Press Release: FQ4 Results
• Positive Sentiment: Solid full‑year outlook: Management raised FY2027 EPS guidance materially (5.75–5.93 vs. consensus ~3.41) and gave a full‑year revenue target near $2.9B — a signal that company expects stronger annual performance despite a weaker Q1 outlook. Earnings Presentation / Release
• Neutral Sentiment: Some analysts reaffirm conviction: Guggenheim reaffirmed a “buy” with a $475 target, signaling that some firms still view MDB as a long‑term grower despite the pullback. Benzinga: Guggenheim Reaffirmed
• Neutral Sentiment: Market commentary sees a dip-buy case: Several outlets framed the sell‑off as an overreaction given underlying growth and improving margins, suggesting potential buying opportunities for longer‑term investors. MarketBeat: Buying Opportunity
• Negative Sentiment: Weak near‑term guidance (Q1) — the main catalyst: MongoDB guided Q1 EPS and revenue below street consensus (Q1 EPS guide ~1.15–1.19 vs. consensus ~0.64 on one report, but the company’s Q1 revenue band was slightly below expectations in other summaries), which investors treated as a “guidance whiff” and a reason to sell into the print. Schaeffer Research: Guidance Whiff
• Negative Sentiment: Executive departures: The unexpected exits in senior go‑to‑market roles (President of Field Operations and CRO) heightened investor concern about near‑term sales execution and contributed to the sell‑off. Blockonomi: Exec Departures
• Negative Sentiment: Widespread price‑target cuts: Multiple brokers (Wells Fargo, Barclays, Wedbush, Cantor Fitzgerald, Oppenheimer, RBC, Mizuho, Scotiabank, Truist and others) lowered targets — many still rate MDB overweight/outperform but trimmed targets — adding selling pressure and indicating analysts are reassessing near‑term assumptions. MarketScreener: Analyst Target Changes

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.